TAQA takes charge of Otter

Offshore staff

ABERDEEN, UK – TAQA Bratani has taken over from Total as operator of the Otter field in the UK northern North Sea.

Otter, in license P.226 block 210/15a and P.1021 block 210/20d, produces around 8,000 boe/d via a subsea tieback to the TAQA Bratani-operated Eider platform.

This is the first phase of a transaction the company signed last September, which will eventually lead to ownership of Total’s entire equity of 81% in the two licenses.

Leo Koot, managing director of TAQA Bratani, said: “Otter…adds production to our existing infrastructure and extends the field life of Eider. Because we are operating Eider we can generate more value from the Otter field than any other operator.

"This transaction is an excellent fit with our strategic objectives and again presents us with the opportunity to grow production and further develop the blocks.”

07/05/2011



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...